By Nkiruka Nnorom
The recent rebasing of the nation’s Gross Domestic Products, GDP, undertaken by the Federal Government has negatively impacted the contribution of the Nigerian Stock Exchange, NSE’s market capitalisation to the GDP, says Oscar Onyema, the Chief Executive Officer of the NSE.
He spoke at the second quarter Capital Market Committee, CMC meeting held in Lagos, saying that following the rebasing, the market capitalisation to GDP ratio has dropped to below 20 percent.
According to him, the figure highlights the importance of getting more investors to participate in the market, as well as getting more companies to list.
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